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20131101
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Search Results 0 to 7 of about 8 (some duplicates have been removed)
are expanding and adding more assembly lines. not here in the u.s. but in mexico. phil lebeau has the story. >> reporter: it looks like any other auto plant in the year but nissan's lines in mexico represent the latest surge in north america for the japanese auto maker. >> we're building a second plant, 175,000 cars a year. capable of doing four cars, mexico becoming the export hub for americas return nissan's expansion is one reason mexico passed canada and closing the gap with the u.s. for car production. >> mexico is proven for a long time and not just years but for a long time for us it's a fantastic world class quality operation. >> reporter: what's driving mexico's auto boom? the country's central location and numerous trade agreements allow auto companies to export from there to europe, even asia. auto makers make a fraction of the wage line workers make north of the border. >> somebody in mexico might make 3 or $4 an hour. an out toe worker in ohio might be making five to eight times more than that. >> reporter: the brookings institute estimate half of the auto jobs will be in mexic
cars. and our phil lebeau is on-site mingling with the top auto ceos. >> hey, tyler, electric cars a big theme at the show this year. this is one of the new ones introduced, volkswagen's e gulf we'll talk with the head of volkswagen of america when "power lunch" returns. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. >>> day two of the l.a. auto show and cnbc is all over the hottest cars or phil lebeau is. he's on-site with the first on cnbc interview with the ceo of volkswagen of america. phil? >> thank you, tyler. i'm here with jonathan browning the gentleman who runs volkswagen of america and we're standing in front of your newest vehicle you unveiled the e gulf, e for electric. how much due mand is out there in your opinion in terms of electric vehicle? >> the electric vehicle demand is a small minority of the total market price but it's growing. for example, in our long-term plannin
to lagging sales. our phil lebeau explains in chicago. hey, phil. >> reporter: this is about the new vehicle that lincoln has unveiled today, called the mkc. let's look at it. it's really a small crossover utility vehicle. they're calling it a small suv. but it's built on a car platform. it will start at just under $34,000. now, lincoln is hoping the mkc captures the growing demand for small suvs and luxury crossover utility vehicles. year-to-date, lincoln sales down 3%. they've had no traction at all, while the luxury market overall is up 11%. but the head of lincoln says he believes things are starting to turn around. >> as the luxury business is about brand, it's about contribution margin, and it's about customers buying the best product. and we are really pleased to see that our price on the new mkc are up almost $6,000. our hybrid mix is over 30% now, which is something we didn't expect, frankly. >> reporter: so there are some metrics that are moving in favor of lincoln, which really has been stuck in the mud for a long time. but jim farley thinks they can bring it around. the showrooms
. anyway, more on that plus walmart has a different kind of fight on its hand. phil lebeau at a walmart worker protest. one problem, the walmart workers didn't really show up as part of the protests. a live report on that still ahead. that's mine. ♪ that's mine. ♪ that's mine. ♪ come on, kyle. ♪ [ horn honks ] that's mine...kyle. [ male announcer ] revenge is best served with 272 horses. now get the best offers of the season. current lessees with an expiring lease get this 2014 ats for around $299 a month. ♪ (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. >>> there were protests scheduled outside walmart stores across the country but the funny thing is
happy. >>> some walmart workers and their supporters protesting low wages today. phil lebeau joins us with more. >> reporter: behind me about 75 people protesting low wages at walmart. we asked these people how many of you actually work for walmart? we found 3 people of the 75 who actually work for walmart. brings up the question why are these people protesting at this walmart and supposedly 15 wall marts around the country. they believe they should be bringing the minimum wage up to $12.50 an hour. in their words, that's the right way to help the workers earn more. >> it's about the choice that the company makes. at the end of the day, it is not fair that we as american taxpayers have to add to the bottom line of the most profitable company in america. we're talking about the world's largest employer. they can, indeed, afford to pay higher wages. >>> and again, the minimum wage for walmart workers is $8.80. it's a number of groups coming together, calling themselves jobs for justice. walmart has 1.4 million employees in the u.s. and the ceo says they do pay higher than most other ret
Search Results 0 to 7 of about 8 (some duplicates have been removed)